Uber Technologies (NYSE:UBER) Stock Price Down 1% on Insider Selling

Uber Technologies, Inc. (NYSE:UBER)’s stock price fell 1% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $75.56 and last traded at $75.76. 3,753,485 shares traded hands during trading, a decline of 81% from the average session volume of 19,651,368 shares. The stock had previously closed at $76.51.

Specifically, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Tigress Financial raised their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. DA Davidson lowered their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock’s 50 day moving average price is $72.85 and its two-hundred day moving average price is $71.63. The firm has a market capitalization of $158.43 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently made changes to their positions in the business. Avion Wealth increased its position in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the 4th quarter valued at $28,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.